2 Potentially Explosive Stocks to Buy in January
As inflation spiked following the pandemic and global central banks began the fastest rate-raising cycle in modern history, virtually all growth stocks that didn't make much in current profits got sold off hard -- as in 50% or more.
While certainly some deserved that massive rerating, even many of the best-run growth names with excellent competitive positions and long-term growth prospects sold off in a big way as well.
Heading into 2023, it's likely we will see inflation come down and the end of the rate-raising cycle at some point. When that happens, these two former darlings, down 60% and 85% from their prior highs, could start another big ascent.
Source Fool.com
